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The Economic Times
The Economic Times
Business
Uma Shashikant

7 steps parents can take to teach money management to their children

This is the time of the year when the best opportunities to teach young adults about money present themselves. They are celebrating their high school graduation with parties and presents; they are preparing to leave home to go to college and live by themselves; they are taking holidays with their family and friends to enjoy a few relaxed days of leisure before another round of hard work begins. What can parents do to help young adults learn money management during this phase?

Impart budgeting lessons

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